News in English

Euronav now owns only two ULCCs in the world

Euronav Tankers NV (Euronav) announces that it has acquired the ULCC Seaways Laura Lynn from Oceania Tanker Corporation, a subsidiary of International Seaways.
Euronav renamed the ULCC as Oceania and registered it under the Belgian flag. Euronav Tankers bought the Seaways Laura Lynn (2003 – 441,561 dwt) from International Seaways for 32.5 million USD. The Laura Lynn is the only other ULCC in the global tanker fleet – Euronav owns the other one, the TI Europe (2002 – 442,470 dwt).
Paddy Rodgers, CEO of Euronav, said: «Bringing the only other ULCC in the world fleet under our control will provide us with a significant strategic opportunity»